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question 1you are the actuary to a pension scheme describe which asset types you would recommend with reasons for the following membership profilea
question 1a what is dependency ratio and why is it important for pensionsb for which types of schemes is dependency ratio mostly relevant explainc
a state the most appropriate drivers for the following direct expensesi new business administration departments salary costsii medical examinations
question 1a i what are asset shares ii state the purpose of calculating asset sharesb outline the five uses of policy asset sharesc
question 1a what do you meant by the term lsquolife insurance contractb many people prefer to choose single life policies compared to joint life
questiona i dene net premium and state the equation for net premiumii arshad aged exactly 50 buys a 15-year endowment assurance policy with a sum
questiona distinguish between open-ended funds and closed-ended fundsb briefly explain the differences between fundamental analysis and technical
question a describe how cash flows are exchanged in an interest rate swapb a government issues a 90-day treasury bill at a simple rate of discount
questiona in any year the rate of interest on funds invested with a given insurance company is independent of the rates on interest in all previous
questionsigma2t beta0 beta1sigma2 t - 1 lambda1epsilon2t -1a interpret parameter 1 and 1 in model 1 and derive the long-term unconditional
question 1a what are the distinct types of assets under which derivatives can be based uponb give at least 5 risks that justify the existence of
questiona is it feasible for a firm to hedge without using derivativesb distinguish between natural hedging cross-hedging and direct hedgingc mr
questiona you have just been recruited as risk analyst at the air mauritius limited your risk manager is trapped between diverging expectations he is
question 1i define the following by giving an examplea systemic risk b diversifiable riskii list and describe briefly the different
an insurance company is investigating offering kidnap and ransom insurance policies are to be sold to multinational companies to provide cover for
question 1define the following terms a whole life assurance b immediate annuity c market liquidity risk
a a couple has just celebrated their 25th wedding anniversary what is the probability of them celebrating their 50th wedding anniversary if the
questiona deferred annuity policy is sold to a life aged 45 with the following benefitsbull basic payments start at 30000 from age 65 increasing by
question 1consider a 5-year 10000 endowment assurance issued to a select life aged 30 under the following bonus schemes-a simple reversionary bonuses
question 1a what is meant by underwritingb how can underwriting be used to manage the risks of a life insurance companyc give and describe the three
questioncompany xyz currently operates a general insurance company and would like to start selling life insurance products the intended market is
a with-profit whole life assurance policy was issued to a life then aged 25 withbull basic initial sum assured of s 100000 bull bonuses added to sum
questiona 10-year deferred life assurance policy with variable benefits is issued to a select life aged 36 the policy provides the following
questionon 1st october 2001 a man then aged 34 took out an endowment assurance policy with a sum assured of 100000 payable on survival to age 50 or
questionsusan started her current job at age 30 with the normal retirement age at 60 the remuneration package of her employment includes the